Wealth managers and private banks

We understand private banks and wealth managers. Our clients are both retail and institutional focused.  They handle discretionary and advisory portfolios and many provide their clients with holistic financial planning services.

We have experience of working with many different business models in this sector, including family offices, specialist pension providers and more traditional private banks and managers of discretionary portfolios.  This is a heavily regulated part of the industry, even for those just dealing with accredited investors, and these businesses are where HKMA / SFC / MAS' day-to-day requirements are at their most prescriptive.

We assist with the interpretation and practical application of these requirements and implement frameworks to help firms manage their regulatory risks effectively.  We help them deal with relevant regulatory changes and with everyday compliance queries.  We also assist organisations with their financial crime obligations, for example source of wealth corroboration; one of the Regulator’s key focuses and one that is becoming increasingly complex.

With support from Bovill Newgate, our clients are able to concentrate on their core business.